THE Philippine Health Insurance Corp. (Philhealth) recently received a Certificate of Merit from the International Social Security Association for its Electronic Premium Payment System (EPRS) at its 2022 Virtual Social Security Forum for Asia and the Pacific which took place is held in February this year in Geneva, Switzerland.
EPRS PhilHealth was cited for “Pioneering Digital Transformation in Premium Contribution” in the ISSA Good Practice Awards Asia and the Pacific 2021 competition which received a total of 168 entries from 30 social security organizations in 19 countries in the region.
The EPRS is a web-based application made available to public and private sector employers to facilitate and facilitate the remittance and reporting of their employers’ PhilHealth contributions. Using this system, employers can update their employee lists and corresponding monthly salaries, generate monthly billing statements called Statement of Premium Account or SPA, and even pay online. To date, Bank of the Philippine Islands, Land Bank of the Philippines, Security Bank, Union Bank, and BancNet member banks are among the participating debt collectors where employers can send their remittances within the comfort of their office and even their home.
In a related development, the ISSA in its publication titled “Priorities for Social Security Trends 2022: Challenges and Solutions”, the EPRS was acknowledged, stating: “Philippine Health Insurance Corp. takes steps towards digitalization through an Electronic Premium Payment System (EPRS) to eliminate manual submissions of contribution-related transactions, minimize fraud and reconciliation issues, and save time and other resources that would otherwise be required for manual submission.”